timwest

APPLE COMPUTER (AAPL) 2-Yr Trendline

NASDAQ:AAPL   APPLE INC
1641 11 3
Risk of a major trendline break
is more psychologically needed
to flush out the weak holders of
AAPL             shares over the coming
days, weeks and months.

We could see a push into the
390-400 area in this rally, but
at that point it would provide
an exceptionally low risk versus
high reward ratio that would be
wonderful to see.

At this level 385+ there is downside of 35
points to 350 and upside potential
of about 10-15 points. But at 395 there
will be 45 pts downside and only 5 pts
of risk for a 9:1 reward:risk ratio.

By: Technical Tim, December 1, 2011 1:11PM EST
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MisterA
5 years ago
I believe AAPL is going to fall.
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timwest PRO MisterA
5 years ago
Can you explain why? Do you use fundamentals in your analysis?
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MisterA timwest
4 years ago
In fact - yes. Just learning about technical analysis. Following news about Apple from different sources.
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timwest PRO
4 years ago
This entry to short AAPL is "on target" with the rally to the ideal entry price at 395 providing a 9:1 reward:risk trade that is already working nicely. Interesting also that news today that sounds positive has been met without any upside in the shares.
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timwest PRO
4 years ago
AAPL chart is on target, looking for a bounce from here at 380 to around 388-390, then another down-leg. So far, so good. AAPL continues to act like the path of least resistance is more to the downside.
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charttrader PRO timwest
4 years ago
This is what i think as well. Although it seems most of the people expecting up trend for AAPL...
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charttrader PRO charttrader
4 years ago
Moving up....(
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CapitalHubs charttrader
4 years ago
Strong uptrend supported with solid fundamentals is just confirmation of the pattern
Apple long term price channel
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charttrader PRO CapitalHubs
4 years ago
Thanks. Will look at this.
Reply
timwest PRO CapitalHubs
4 years ago
It made it to your target. Nice work! Looks like you identified a nice reward/risk trade at 392. Risk to 378 and upside to 450+. Nice. Keep it up! Tim
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CapitalHubs timwest
4 years ago
Thank you, Tim! Trying to stay objective and find profitable points.
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